999-Year Leasehold Residential Site In Kovan On Sale For $18 Million
A 9hundred 99 year leasehold housing site at 48 Hillside Dr gets presented utilizing a minimum asking price of $18 mil or around $8hundred 55 per square ft on the location area, communicated single advertising representative Edmund Tie.
Positioned among the developed Kovan neighbourhood, the 21thousand and 46 square foot site is sector for residence purpose in the 2K19 Master Plan with a plot ratio of 1.4 and even is secured at the hand of a singular home owner.
The advertising and marketing representative noted that the estate is optimal as a first-class home of a multi-generational family or a wealthy person. It can possibly also be reconstruct into multiple landed home options or being a boutique home development with up to Twenty-seven home units equating a hundred square meter.
At most a stone’s flip away to either Kovan Mass Rapid Transit including Serangoon Mass Rapid Transit Transport Hub, the property is easy to get to with significant rds as well as expressway for example Upper S’goon Road, Yio Chu Kang Road and also Central Expressway.
The spot is also nearby restaurants plus supermarkets at NEX, Heartland Shopping Mall, Chomp and also MyVillage. Educational institutions such as Rosyth School, Zhonghua Pri Sch, International French School and also Australian Int’l School are likewise nearby.
” For a cost effective low sum, and also several rebuilding potentials with regard to the well situated area, the residential property will certainly interest a wide variety of interested developers,” mentioned Shou Fern, ED of Investment Advisory at Edmund Tie.
” Aside from housing developers that will be spirited to subdivide the location to numerous landed houses or rebuilt into a boutique house project, we likewise anticipate passion coming from multi-generational and wealthy families considering to secure for their own living.”
By having big exclusive homeowner redevelopment plots firmly enjoyed, Shou Fern strongly believes the title “might likely be the final offered parcel for sale on Hillside Drive”.
The bidding for 48 Hillside Dr closes on 23 March.